# PPP loan: N.E. CYCLE WORKS, INC.
> **$150K** approved 04/06/2020 · Paid in Full · Loan `5861087001`
## Borrower
- **Name:** N.E. CYCLE WORKS, INC.
- **Address:** 661 Gold Star Highway, GROTON, CT, 06340-6256
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 03/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Jobs reported:** 16
## Lender
- **Originating:** Berkshire Bank
- **Servicing:** Berkshire Bank (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*